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CULVERHOUSE SCHOOL OF ACCOUNTANCY (AC)

Professor Mary S. Stone, DirectorOffice: 314 Alston Hall

In addition to completing the specific prerequisites included in the descriptions of the following courses, all students seeking to enroll in 300- or 400-level courses in the Culverhouse College of Commerce and Business Administration must have attained junior standing (61 semester hours). Furthermore, all C&BA students must, prior to seeking to enroll in any 300- or 400-level C&BA course, complete or be enrolled in the following prerequisites: EC 110 and EC 111; MATH 112 and MATH 121, or MATH 115 and MATH 125; CS 102; AC 210; ST 260; and LGS 200 (or their equivalents); and at least 4 hours in natural science, 3 hours of fine arts, literature, or humanities, and 3 hours of history or social and behavioral sciences. Failure to fulfill all prerequisites prior to enrolling in a 300- or 400-level C&BA course will result in administrative disenrollment from that course.

AC 210 or its equivalent is a prerequisite for all accounting program courses numbered 300 or above.

Accounting majors must earn grades of "C-" or higher in all 300-level accounting courses. See the Culverhouse School of Accountancy section of this catalog for policies on grading and repeating courses.

Third-year requirement for accounting majors. No 300- or 400-level accounting courses may be transferred from another institution and applied to the degree requirements for accounting majors. These upper-level courses have unique components, and equivalent courses do not exist at other universities. A condition of enrollment in all undergraduate accounting courses other than AC 351 and AC 352 is admission to the Culverhouse School of Accountancy or permission of the director.

Introduction to accounting and financial reporting concepts and the use of accounting information in financial and managerial decisions. Students who intend to major in accounting should take AC 289 before or concurrently with AC 210.

Introduction to information technology and computer applications in business.

AC 310 Financial Reporting and Analysis of Business Activities I. Three hours.

Prerequisite: Admission to the Culverhouse School of Accountancy or permission of the director.

Promotes technical competency in the accounting process and develops critical thinking, communication, and research skills involving accounting and other business information. By presenting accounting and business consulting issues and requiring the use of technology to solve a typical business entity's problems, this course exposes students to the professional environment of accounting practice.

AC 311 Financial Reporting and Analysis of Business Activities II. Three hours.

Study of financial accounting concepts and their use in analyzing and interpreting financial reports. Not open to accounting majors.

AC 361 Cost Analysis for Planning and Control. Three hours.

Prerequisite: Admission to the Culverhouse School of Accountancy or permission of the instructor.

A study of the theory and application of accounting for measuring the economic attributes of the firm's operations. The course examines the measurement, analysis, and interpretation of accounting information for planning and controlling a firm's business-related activities.

AC 371 Introduction to Taxation. Three hours.

Prerequisite: Admission to the Culverhouse School of Accountancy or permission of the instructor.

Introduction to tax policy, planning, practice, and research with an emphasis on income taxation.

A risk-oriented study of standards, concepts, procedures, and professional ethics underlying governance and the practice of external and internal auditing and assurance services. The course will focus on mechanisms and activities that enhance the reliability of information for decision making.